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20121126
20121126
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Search Results 0 to 23 of about 24 (some duplicates have been removed)
FOX Business
Nov 26, 2012 3:00pm EST
compromise? if we go over the fiscal cliff, on january 1st, i will guarantee you, and i'm not supposed to use that word in this business, that they will get it right within the next six months, and we keep talking about 600 billion dollars, that's a fiscal cliff. it's 50 billion dollars a month. liz: but in the near term if we were to do that and you know that wall street is so emotional, stocks might take a pretty dramatic hit, and what would you then say to your shareholders who called up and said i saw you tell liz don't worry about going over the fiscal cliff. could you stand up to your investors and say don't worry? s >> absolutely because we have to get it correct. if you start to look at just the numbers, just because we go over the fiscal cliff, do you think the companies are going to start to lose tons of money? they are not. they are just going to continue to keep the money. if you go back and look at history, liz, you and i have been around a long time, you not as long as me, but you look at the late 90s and clinton raised taxes and everybody says look at how well we did. that was
CNBC
Nov 26, 2012 1:00pm EST
to talk about whether the fiscal cliff has had any impant on this business, and of course we'll talk about that relationship with sears. back to you. >> thank you very much. >>> is all that spending translating into green for investors? let's collection in with kayla tausche with a "market flash." >> interestingly enough, the retail sector is falling today in the red for most of the big retailers that had those discounts. also was not the big winner even on friday techwise. so the wig question is how much will these discounts actually eat into the potential margins from those blowout sales. if you look, courtney said that department stores were the biggest destination but macy's and nordstrom are two of the biggest laggards on the s&p. costco which had heavily discounted things like the nexus 7, also down today. >>> to congress now which is returning to deal with the biggest economic issue of the day -- that fiscal cliff. john harwood on whether lawmakers are getting any closer to a deal. >>> and coming up on closing bell, pet smart's ceo robert moran will join us live to discuss how his c
CNBC
Nov 26, 2012 9:00am EST
is being affected by the fiscal cliff. find out how small business owners are preparing when we come back. t just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... an
MSNBC
Nov 26, 2012 9:00am PST
leader summit last week says that the looming fiscal cliff is already impacting his business. >> right now i'm not that bullish at all. in fact i'd say there's a great uncertainly that's just hanging over the entire economy because we're not confident that our guys can govern anymore. people like me just aren't hiring because we're not confident they can do it. >> well, the white house echoed that concern this morning. a new report says failing to act on the president's plan for middle class americans would freeze the economic recovery. obama's plan includes lower taxes on the first $250,000 earned by every american and tweaking the alternative minimum tax. the white house report estimates that consumer spending would fall by $200 million. now that's more than three times what consumers spent just over this entire holiday weekend. there could be a drag on a range of industries from cars and housing to restaurants and supermarkets, if congress can't reach a deal. and look, pocketbook issues are not the only problem here. carl levin, the democratic senator and chair of the armed services
CNBC
Nov 26, 2012 2:00pm EST
, not really a mid sized businessman. what do you think about the fiscal cliff and how are you adjusting your business plans for next year if at all? >> well, the nice thing about being a forwarder is we're very, very flexible. our costs flex tremendously with our revenues. we don't really have to make any structural plans. if in fact the politicians don't do what they should do and fix this thing before it starts impacting the economy. >> how would you fix it though? grif give us the road map of what a small business owner wants to see. >> at pilot, i organized two years ago when we were facing the original debt ceiling crisis. we organized local ceos and sent a letter to the entire pennsylvania congressional delegation, senate and house, saying, look, you guys really need to compromise on this. that honestly from a small business perspective is what we need to do. we were very adamant. we said, look, you need, as democrats you need cover. we understand that. you need cover to do the kind of reform we need. as republicans, you need the kind of cover to protect you from grover norquist. to do
FOX
Nov 26, 2012 4:00am PST
. >>> lawmakers return to washington today with just 35 days until the "fiscal cliff" happens. and believe it or not, airlines are trying to keep queue on time. we'll explain now. >>> first business starts now. >>> you are watching first business. >>> good morning, it is monday, november 26, i am bill, so, did you survive black friday and welcome to super mondays. the holiday shopping season is now if full swing. we are going to spend more the last few weeks of the year than last year. remember tomorrow is giving tuesday. consider what you might do. >>> 35 days now for congress to solve that little impasse . this week they are going to try to make a deal. and is europe just buying greece? today finance minterred meet again to talk about releasing more billions your rows. >>> and now tim, he is the managing partner, so, tim, the eu, they are met meting again today and it still looks like they need money to go to greece. how much are traders going be paying attention to this? >> well, i think it is going p quite a bit of attention because it is a critical issues. and after three years of res
FOX News
Nov 25, 2012 4:00pm PST
. but keep in mind, the wall street and main street had a strong start to the season, the fiscal cliff is closer as christmas draws near and buyers and businesses may get more worried holding on to their wallets in the shadow of that cliff, harris, back to you. >> brenda, thank you. brand new video after pretty nasty mall brawl from black friday. this was the scene shortly after midnight as shopping mall here sacramento, california, you've got to be kidding me. fists flying, here is why. apparently it was over women's underwear and an employee at the victoria's secret where the fighting began says it's the worse they've seen. >> and for like six years now and i've never seen a black friday in bad and some people got trampled out and on top of the bars and they had to come off the table. >> that must have been one heck of a sale. the store was cleared out and the man kept rolling despite the black eyes that were given on black friday and he says it doesn't surprise him. >> the wrong place at the right time. >> does your opinion of black friday change after all of this. >> not so much. i
PBS
Nov 26, 2012 3:00pm PST
things. whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way consumers are. . >> brown: nancy cohen, i want to come back to you on the question of online shopping and the changed landscape. does the rise of online shopping have a real impact on the economy or is it sort of shifting, transferring, where people buy their things? >> well, that's a very open question, partly because this is so new. the marriage and the magic of online plus brickes and mortar. i mean, there's no question people are visiting online web sites more often than they do stores. whether that adds up to incremental organic growth is a question we just don't know. remember, we're s
CNBC
Nov 26, 2012 6:00am EST
got out of the business and are focused on what we're doing. last point on fiscal cliff, it's not about ideology and not about -- >> oh yes it is. >> it's about making a deal, not a point. i'm optimistic we can do it. >> you should get into the censor business. >> thank you for being here. we really appreciate it. >>> coming up, crunch time for retailer, we'll get a cyber monday report from power retailers. d to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. [ male announcer ] you are a business pro. governor of getting it done. you know how
CNBC
Nov 26, 2012 5:00pm EST
. are we any closer to a resolution. dennis gartman is laying out reasons for a fiscal cliff optimism. >> $20. >> it's coming up next. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> 35 days until the looming fc deadline members of both parties say they are open to compromise. democrats indicating they are open to means testing medi
CNBC
Nov 26, 2012 3:00pm EST
to jump off the fiscal cliff. they say, do it already! he says that's a business mistake. sandra levin joins us from capital to tell us why he thinks it's a baddied. working since i was about 16.n you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- "i'm done. i'm out of here." you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ ♪ >>> welcome back. shares of auto nation down sharply at this hour. kayla stepping in to tell us why. >> the volume that's leading auto nation down better than 5%, that stock has seen an unbelievable amount of weakness throughout the last month during which a bunch of insiders decided to sell their shares. you can see it's down better than 5% today. there was some bullishness after hurricane sandy that a lot of consumers would be buying cars. that's all but waneed and trickling through to the stock market today. >> thank you very much. looking beyond the u.s., there are many big global events causing major waves in our markets. and your money
FOX News
Nov 26, 2012 3:00am PST
busy over the weekend. talking about the fiscal cliff. everyone comes back to work . wonder if they will get to work and cut the deals. republicans made it clear they are willing to budge when it comes to the 20 year pledge not to raise taxes that glover norquist had everyone sign before they took office. >> steve: grover norquist has hundreds of republicans to do that. clearly with the fiscal cliff comment and automatic spending cuts and taxes go up on everybody. something has to be done. the feeling is that it will happen two now. republicans have beenadament and said we can't raise taxes on anybody. and glover norquist said as long as you don't raise tax rates that is okay. and lindsay graham on that. >> i agree we shouldn't raise rates but i think grover is wrong to cap and buy down debt. what do you do with the money and i will violate the pledge for the good of the country only if the democrats do entitlement reform. >> gretchen: i think the pledge thing is good and bad. if you are a republican and believe that raising taxes is the wrong they think that and fine. but h
FOX Business
Nov 26, 2012 4:00pm EST
. liz: the countdown to the fiscal cliff 35 days left to reach an agreement or not before a series of automatic tax hikes and spending cuts hit. david: the council of economic advisors released by the tax cuts expire would have effect on the consumer spending. the member of the cabinet, alan krueger. thank you for coming in. >> thank you for having me. david: they came out with a report of how much revenue to collect if in fact all the tax increases took place. they come up with a figure of $82 billion per year. only 8% of the trillion dollars deficit why risk slowing down the economy, which a lot of people say might happen if you increase taxes why slow the economy for such a collectively small amount of money? >> first thought don't think it is a small amount of money. we need a balanced approach. david: uribe 2% of the deficit unfunded if you do that. >> to look at the president's budget, what he proposes is raising $1.6 trillion proposing spending cuts as well, combination of which would put us on a sustainable path in the economy in the long run. what we should avoid doing is
CSPAN
Nov 25, 2012 9:30pm EST
falling off the fiscal cliff, how to prevent it from happening, and the impact not as on the fence of the discretionary budget as well, and for our purposes, hopefully they will also take the time to pass a defense authorization in order to be able to set some important policy guidance we need as we go into this next year. the hope is these issues can be resolved before congress adjourns, and we are all hopeful the leadership will be able to come together to find a way to resolve these issues. these are tough decisions. i know how tough they are, but they can do it. it will take some risks, but that is part of the game. you have to take risks to do the right thing, and i hope they do that. the worst thing that can happen from my perspective is they just kick the can down their road. all that would wind up doing is continuing to present a shadow as to what ultimately will happen, and that is the last thing i need. the fact is when it comes to national security, which challenges and opportunities we face in the future go beyond the political gridlock of the moment. they are significa
FOX Business
Nov 26, 2012 11:00am EST
to the fiscal cliff. this coming to us from our partners at the "wall street journal" this hour. connell: the discussion about whether or not to raise taxes. some talking about abandoning their pledge. we spoke earlier with grover norquist. >> for the last 20 years, they have all kept the pledge. just me, the pledge, however, in the tax issue are very, very powerful. connell: do you think they will keep it again? >> i think they will keep it again. connell: that brings us to the judge. judge andrew napolitano. >> my thoughts are that some republicans will cave and break their vow not to raise taxes and they will suffer the fate of george bush that did not have a second term because he broke his vow. they may think they may get reelected without the republican base, they can probably not get renominated without the republican base. they will be inviting primary challenges. in terms of the lawfulness, this is a public pledge. it is political not legal. the people who work for the government are permitted to do so in the government name. i am laughing as i say it. it is true. i am laughing
CNBC
Nov 26, 2012 6:00pm EST
to get wealthy. do the 80% do particularly badly on the fiscal cliff? >> i would answer your question slightly different. i got to live the american dream. built a business from nothing to real size by providing what the consumer and the businessman wanted. i'm scared to death that america is losing that ability. we see it in the banking business where the american banking environment is much tougher to deal with than even the uk, british environment which is much more friendly to business. i'm afraid that as the government turns the screws on the large banks, they're going to destroy the regional and small bank which really drive the american economy. >> it's a tough, it's a tough sentence, and i know that you understand the small guys, because you work with them to become large guys. and then they're loyal to you forever. >> correct. >> i'm sure the same thing is going to happen in london. i want to thank vernon hill. remember, "it's fans, not customers." this is the right book for the right time. "mad money" is back after the break. thank you, vernon. oh, hey mike. what are you up
FOX Business
Nov 26, 2012 5:00pm EST
." ♪ melissa: first, let's take a look at the day's market headlines. fiscal cliff years made a comeback and strong retail sales are not enough to offset the concern. the dow closed down 42 points. facebook shares some other best in four months. two formerly bearish analysts upgrade their outlook citing increasing revenue from mobile ads. and as our own charlie gasparino first reported, mary schapiro stepping down as chairman of the sec. officially leave office on december 14th. she ran the securities regulator for nearly four years. president obama will appoint current sec commissioner to run the agency. all right. now to our top story. warren buffett support for raising taxes on the rich takes a controversy in its turn in an op-ed in today's new york times. the billionaire investor says let's forget about the rich in culture ridge. income is increased. forever for see investment of the charities. so buffett is on target with this. raising taxes on the rich actually have no affect on their investment behavior. let's bring in scott martin, chief investment strategist and founder and ceo
CSPAN
Nov 26, 2012 12:00pm EST
away from avoiding the fiscal cliff for middle-class families and small businesses. we could solve the greatest economic emergency facing the nation today if only the house would consider the senate-passed bill freezing tax rates for 90% of american families and 97% of small businesses. as thomas jefferson said, and this is a quote -- "we should not put off tomorrow what we can do today." our legislation would give economic certainty to the middle class, protect important tax deductions for families and businesses and restore balance by asking the most fortunate among us to pay a little extra to reduce this debt. it's also the only bill with a chance of being signed into law by president obama. i was dismayed to hear speaker boehner once again urge the senate to take up the house-passed bill extending more tax breaks for millionaires and billionaires. mr. president, the senate has already considered the bill, and we reject it on a bipartisan basis, so for the speaker to say bring it up, we already have. it was voted down in this congress. the senate has spoken. president obama has
FOX Business
Nov 26, 2012 1:00pm EST
.o.p. leaders on wednesday morning to discuss the fiscal cliff. lloyd blankfine, the chairman and ceo of honeywell international, the chairman and ceo of at nine also the president and ceo of all state. interesting. from candy bars to caviar beverly hills caviar has brought luxury food to break by preissing the touchscreen caviar vending machine. do you stand there to say which there was a vending machine to give me caviar? also troubles, as cargo prices between 50 and $500 they sprung up in moscow but it is not the only vending machine from sprinkle cupcakes to marijuana up. the institute for the study of four discusses president morsi power grab in a dangerous tension added to the middle east. that is to night. what will it take to get a deal on a fiscal cliff? don't miss it. stocks try to climb back from session lows on news about the fiscal cliff. is it profit taking from the best week in five months were a sign of more selling to come? we will find out. and with five weeks until the cliff, both parties are still really far apart on taxes and entitlement reform. a new ruling read
MSNBC
Nov 26, 2012 7:00am PST
of the to-do list, the fiscal cliff. they have 36 days to avert a tsunami of tax hikes and spending cuts poised to kick in at the end of the year. with the deadline creeping closer a growing number of republicans are signaling they're willing to throw grover norquist under the bus and negotiate on taxes if democrats ce de ground on their priorities. >> when you're $16 trillion in debt the only pledge we should be making to each other is avoid becoming greece and republicans should put revenue on the table. i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> at least one democrat says reform to entitlement programs could be on the table with the exception of one. >> social security does not add one penny to our debt, not a penny. it is a separate funded operation, and we can do things that i believe we should now smaller things played out over the long-term that give it so will veteran siso will veteran . those that say don't touch it, don't chajs are are ignoring the obvious. >> the question is is the president going t
Current
Nov 26, 2012 3:00am PST
house now with the fiscal cliff looming. what is it 36 days left i think, before we might go over the cliff. what is on the president's agenda, david jackson covers the white house for "usa today." how are you? >> fine bill. how are you? >> bill: good. i missed my favorite event of the year, last week which was the pardoning of the thanksgiving day turkey. >> absolutely. he cracked a few jokes, making crack about something like his last gift. and he also made a nate silver joke. >> bill: oh, did he? >> yeah, saying nate silver was right on on which turkey would be pardoned this year. >> bill: that's great. i read in the tribune the fact that there was a big turn out of the press corps. >> yeah a lot of reporters brought family and friends because it's an easy event to get people into. >> bill: well, it is the party season. i got my invitation to the annual christmas party. >> yeah, the number keeps going up exponentially, but i think it is about 20. and he'll be shaking thousands of hands. they stand there in some room off of the white house, and you get to sha
CNBC
Nov 26, 2012 4:00am EST
.s., congress returns from a thanksgiving break he with talks to resolve the fiscal cliff. with no action by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> the house speaker has called for a short term fix to overt the fiscal cliff so congress can work on a bigger deal in 2013. they naed to cut out a package that includes revenue hikes and spending cuts by the end of the year. >> americans have been out shopping early and often. almost 140 million kmers hit the stores or shopped online between thursday and sunday. that's up 6% from last year. >> almost a quarter billion shoppers will have been onlin
CSPAN
Nov 26, 2012 5:00pm EST
of my voice one fact this from congress is already one vote away from avoiding the fiscal cliff for middle-class families and small businesses. onom ic we could solve the greatest the economic emergency facing the nation today if only the house rates would consider the senate passed bill raising tax rates 4908% of businses. american families and 97% of small businesses. as thomas jefferson said this quote is a quote we should not pute c an off tomorrow what we can do our today.on our legislation would deal with economic certain to the middle class can protect important taxsses and restore deductions for families and the businesses and restore balance pay by asking the most fortunate among us to pay a little extra to reduce this debt. a it's also the only by with a law chance of being signed into lawas by president obama who speaker boehner once again urged to pickxtending more up the house passed bill askonaires and anymore tax breaks for the millionaires and billionaires. c the senate has already considered that bill.n we rejected it on
Search Results 0 to 23 of about 24 (some duplicates have been removed)